The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-06-04
FINANCE and COMMERCE.
MONEY 9 TO 8 PER CENT, NEW
YORK EXCHANGE 1.S PREM.
Cotton Firm - MiddIing Cotton,
1le-Sales Yesterday, I'm
important.

1hhhst Juuo looisl
Money rates remain firm, steady and vn-
changed on basis Of 6 to per cent for de-
Inand and time favors. The supply is by NO
means excessive, but amply sufficient for all
legitimate demands. Local securities are
suiet and firm and with but few changes in
quotations. There were no transactions at
the Stock Exchange today.
The lo,al cotton market is quoted firm,
m ddling lie, with no sales today. The
weeks sales amounted to 375 bales, all to
spinne rs. New York spots are steady, mid
ding 11%c; futures closed firm
from l to 2 points higher, June
1l.S9S11. 4oc. At New Orleans spots
are firm, middlinE 1G9Sc; futures
steady, 8 to 5 points higher, June 1O.6SS
1890.
AtLiverpool spots are steady. fair demand,
middling sgd; futures closed firm, June
5.59d buyers. There was no news from Man
chester, today being a holiday in that city.
leading New York cotton circular says
Of the future market: There was less gen.
eral animation, with cost averaging some
what lever, but otherwise conditions are
practically unchanged. The bull element
appeared willing to let rates run Of little,
and then came in to brace the position, SO
that after loss Of some FIVE points there
was recovery to last evenings figures"
Ths grain market is firm and trife higher.
Provisions steady and unchanged. The
grocery market remains firm. The price of
sugar has advanced at New Orleans, owing
to the firm tone of the New York market.
Molasses remains quiet with firm tone, and
rice is steady. Coffee retains old features,
sensume s waiting 70 see what Spectators
will do, and spectators steadily advancing
the market. The New York Commercial
Bulletin Of the I'd says:
"The conditions of the market for Brazil
are without noticeable change, and the
movement toward a higher plane of values
is practica ly unchecked. There has been
some lively trading on the Excha nge tod ~
and at tines the contest between the con-
tending interests was extremely sharp and
bitter, the bear element proving very ag
gressiVe at every opening, and whenever
there was laose in the bidding jumping on
the market with much force. This caused a
measure of success two OF three times, and
from the extreme gain of 5000 points at one
time thown caused some modification, bot
the opposition. notwithstanding. has taken
care OF all the Offering forced upon it. and
maintained neat net gain for the day.. So
much for results, while as 10 causes there
appears 10 Dc nothing dlherlng In any par
ticular from previous indications, the
bulls claiming to be investing on the Same
sure basis that has carried them to the pres
emit point, and ASSUMING that the end Of tho
rise ia simply at the option Of buyers"
IMPORTS.
One hundred and sixty-two pkgs bacon, |
1862 pkgs boots and shoes, 1000 Blu corn, e22 |
SKIS cotton seed, 2 cars cstton seed, Ia pkgs
dry goods, 81 pkgs eggs, 722 brls -four, 69i
bales hay, ]l2 pkgs hats, so head hogs, 10 |
head cattle, 20 head horses and mules, LOG |
ykgs ard. ", 900 feet lumber, % pkgs liquors,
200 brls meal, 20 brls molssses, Is brls oRisns.
2 cars pork sides, 80 hhds sugar, 162 brls |
sugar.
ELEVATOR REPORTS.
=. The following shows the amount Of grain |
received, withdrawn and in store by regular
elevators, as reported to the Merchants kx- |
change yesterday: Corn-received, $3.50 bu;
Withdrawn, 1868 bu; in stare, 38 AS bu.
oats-recsived, $50 bu; in store. 1925 GU.